3U HOLDING AG / Half Year Results
04.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Marburg, August 4th, 2008 The upwards trend in the profits of 3U HOLDING
AG also continued in the second quarter.
In line with the authoritative accounting provisions of the International
Financial Reporting Standards (IFRS), the sales revenues of LambdaNet and
of the subsidiaries in Austria and the USA as so-called 'held for sale'
companies were not included in the consolidated reporting entity, merely
their aggregated balance-sheet values and the results for the period. In
accordance with these provisions, the depreciation at the 'held for sale'
companies was neutralized at group level.
Even though the turnover slightly decreased, the profit for the first half
of 2008 increased in comparison with the comparable period in the previous
year by 7.41 million to 4.40 million. Investments in the fixed-line
telephony sector contributed 3.18 million to profits. Compared with the
same period last year, profits in this sector increased by 780%
(comparative period in the previous year 0.36 million).
Consolidated Sales as of June 30th, 2008 resulted from the fixed- line
telephony sector only. With 36.47 million, this was only slightly (2.2%)
below the turnover for the first half of 2007 ( 37.28 million).
The positive outcome of the systematic focus on profit in the fixed-line
telephony sector can also be seen in the other profit figures. Earnings
before interest, taxes and depreciation (EBITDA) from ongoing operations
increased in comparison with the first half of 2007 by 2.54 million from
0.80 million to 3.34 million. Earnings before taxes (EBT) increased
from 0.38 million in the first six months of 2007 to 3.64 million in
the same period of 2008. As a result of these good results the profit
forecast for the fixed-line telephony sector is being increased. This
sector is now expected to contribute approximately 5 million to group
profits.
In the period under review the profit per share was 0.09 (comparative
period last year
-0.06). The equity ratio has also improved again, increasing from 38.81%
in the first six months of 2007 to its current level of 47.00%.
In spite of further repayment of loans by LambdaNet amounting to 2.31
million, the liquid and near-liquid assets of the 3U Group remained
unchanged at 35.49 million compared with March 31st ,2008 ( 35.48
million).
Contact:
3U HOLDING AG
Neue Kasseler Strasse 62F
35039 Marburg
Phone: 06421 999-1200
Fax: 06421 999-1998
Email: boerse@3u.net
DGAP 04.08.2008
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Language: English
Issuer: 3U HOLDING AG
Neue Kasseler Str. 62 F
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-0
Fax: +49 (0)6421/999-1111
E-mail: boerse@3u.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: 3U HOLDING AG increases profits
| Source: EQS Group AG